Metal furniture market in the stage of oversupply

Faded first decade of rapid growth, the rapid development of the domestic economic situation turning stable development of China’s furniture hardware market is experiencing a shortage to oversupply from the stage, overcapacity problem has become more prominent in this context in the industry reshuffle inevitably, if you want to grab market opportunities in the shuffle, transformation and upgrading is the key.
In recent years, China’s eastern region of the furniture hardware industry encountered a bottleneck in the development, rising raw material prices, labor costs and logistics costs restricted the development of the eastern furniture, eastern furniture hardware industry gradually transferred from east to west from south to north, this shift also transfer our international furniture hardware industry to China the same year, not only the transfer of the transfer of enterprises, but also the development of corporate orders. Midwest Furniture Hardware eastern industrial transfer undertake progressively to improve infrastructure and industrial chain, the development momentum Sichuan and Henan and other places are relatively strong, especially in Sichuan.
The past five years, sales of products from companies in terms of production scale and, after five years of development efforts, Sichuan has become a furniture hardware producing province, western production base has been formed here. However, due to the slowdown of the market economy, furniture hardware market consists of a large supply and demand into a demand, the industry is turning point in the near future there may be a number of enterprises will be eliminated. Although Sichuan furniture due to the construction market was built earlier, more self-built market, distributed more widely, and consumer targeted at relatively accurate, compared to the home in the east, in terms of the progress of the market to exit slower, but in general are still faced with the status quo and demand for large, slow-moving a lot of furniture appear.
Secretary-General of the International Mould & Metal & Plastic Industry Suppliers Association has said Luo Baihui, Sichuan and the whole Chinese furniture hardware market to further develop and expand, upgrade is key. Custom furniture is on the rise this year, personalization become trend. Consumers in order to make use of furniture into the overall style decor, no longer satisfied with the mass production of furniture. This requires that the flow becomes furniture hardware companies, followed by consumer mentality make the transformation, and emphasis on original design and unique product technology.
Enhance technology innovation of products, it is also a way to upgrade. In addition, we can also run innovation, business transformation, by way of innovative services for consumers and marketing services for operators shift to achieve their own transformation and upgrading, and strive to seize the initiative in the shuffle.

This article was written by: admin

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